Create Positive Change on Local and National Issues

Legalized marijuana

Signatures

1 of 150000 Signatures

Petition Target

CONGRESS/LAWMAKERS /DRUG COMPANY'S

Topic

Budget and Taxes

Started by

christopher mcpeck

This is a Member Generated Petition

About the Petition

As Washington lawmakers struggle to find ways to balance the national budget, a significant source of revenue may be burning away right !!!! According to a 2010 study from Cato, legalizing marijuana would generate $8.7 billion in federal and state tax revenue annually.
The researchers assumed that legalized marijuana would be taxed similarly to alcohol and tobacco and that the income earned by pot producers would be subject to standard income and sales tax.
Taxes aren't the only source of revenue that would come from legalizing weed, according to the study. State and local governments also stand to save billions of dollars that they currently spend regulating marijuana use.
Washington and Colorado, both states that have legalized the use of marijuana recreationally, will serve as litmus tests to measure the possible fiscal impact of marijuana legalization on a national level. The state of Washington estimates it will generate as much as $1.9 billion in additional revenue in five years due to the legalization of marijuana.
and it will help people with cancer .and get them to eat